(A) As compensation for use of a public rights-of-way, a franchisee and any other person providing cable service over a cable system shall pay the village franchise fees.
(B) Every franchise agreement shall specify the amounts a franchisee is initially required to pay as a percentage of gross revenues, but if the specified amount is less than the maximum or if the maximum amount permitted increases, the village may increase it to any amount up to the maximum allowed by law after 60 days notice to the franchisee, so long as the increase may by law be passed on to subscribers.
(`92 Code, § 8-1-93) (Ord. 96-19, passed 10-2-96)